We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Could someone sanity check my contribution limits workings?

Qyburn · 2022-10-31 17:31:12

Hi, I think I have this correct but I want to make completely sure. The plan here is to make a final contribution to the pension plan, the totals this tax year will be in round numbers .. (A) Salary 24,500(B) Employee pension contributions £2,950(C) Employer contributions £6,120 If I understand correctly I need to make…

Comments

Qyburn Posts: 4,164 Forumite

2 November 2022 at 4:24PM

Thanks. So working/contributing only 9 months this year before retirement, I'd expect the increase in value in those nine months to be a bit less. Outside the scheme only £640 has gone into the personal pension so far, and there were no large private pension contributions in the last few years, so it looks as if there should be plenty of headroom to carry forward.

0